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Mar 31, 2023

FTAI Aviation Q1 2023 Earnings Report

Reported financial results for the first quarter of 2023 and declared a dividend of $0.30 per ordinary share.

Key Takeaways

FTAI Aviation Ltd. reported a net income attributable to shareholders of $22.6 million, basic earnings per share of $0.23, diluted earnings per share of $0.22, and adjusted EBITDA of $127.656 million for Q1 2023. The company's Board of Directors declared a cash dividend of $0.30 per share.

Quarterly Net Income Attributable to Shareholders growth of 13.0% versus Q4’22

39 modules sold in Q1’23 to 10 unique customers

Generated $195.1 million positive free cashflow available for asset acquisition & investment activity

Declared a cash dividend on its ordinary shares of $0.30 per share for the quarter ended March 31, 2023

Total Revenue
$293M
Previous year: $138M
+112.4%
EPS
$0.22
Previous year: -$2.3
-109.6%
Adjusted EBITDA
$128M
Previous year: $51.6M
+147.6%
Dividend per share
$0.3
Previous year: $0.33
-9.1%
Gross Profit
$106M
Previous year: $79.5M
+33.4%
Cash and Equivalents
$41M
Previous year: $145M
-71.8%
Free Cash Flow
$37.2M
Previous year: -$52.7M
-170.6%
Total Assets
$2.44B
Previous year: $4.76B
-48.7%

FTAI Aviation

FTAI Aviation